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2025Section 344

344. Business undertaking held as property.

In the 1961 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

W here the property held by a registered non-profit organisation includes a business undertaking, and where a claim is made that the income of any such undertaking is eligible for benefits under this Part, then the Assessing Officer shall have the power to determine the income of such business undertaking as per the provisions of this Act.

Income-tax Act, 2025: text as on 25 August 2026 · Official source ↗ ·